Question
18. Tony's Company has the following information for March: Sales $1,000,000 Variable cost of goods sold 490,000 Fixed manufacturing costs 170,000 Variable selling and administrative
18. Tony's Company has the following information for March:
| Sales | $1,000,000 |
| Variable cost of goods sold | 490,000 |
| Fixed manufacturing costs | 170,000 |
| Variable selling and administrative expenses | 112,000 |
| Fixed selling and administrative expenses | 100,000 |
Determine the March (a) manufacturing margin, (b) contribution margin, and (c) operating income for Tony's Company.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
